Sponsor by Innity

Sponsor by cwyeoh

Sponsor by Nuffnang

Tuesday, May 29, 2012

Mudajaya Group Berhad (Mudajaya) is an investment holding company. The Company's business segments comprise: Construction, which is engaged in the undertaking civil engineering, constructions works and engineering and equipment procurement provider; Property development, which is engaged in the development of residential and commercial properties; Trading and plant hiring, which includes trading in construction materials and hire of plants, and Manufacturing, which is engaged in manufacturing of construction related products. Some of its subsidiaries include Mudajaya Power International Sdn. Bhd., Angsana Fajar Sdn. Bhd., MJC City Development Sdn. Bhd., MJC Development Sdn. Bhd., MJC Industries Sdn. Bhd., MJC Trading Sdn. Bhd., Great Hill International Ltd., Mudajaya International Ltd., Oracle International Co., Ltd., MJC Plantations Sdn. Bhd., MJC Management Services Sdn. Bhd. and Mudajaya International Investment Ltd. The Group operates in Malaysia and India.

Revenue increased 2.3% and was second consecutive quarter increasing and also higher than preceding year corresponding quarter 97.5%, eps decreased 2.9% but higher than preceding year corresponding quarter 78.4%, cash generated from operating more than enough to cover all expenses, operating profit margin increased but still not back to above 22%, stronger liquidity ratio at moderate level now, higher gearing ratio but still at below moderate level now, higher debt ratio but still far from historical high, all repayment period is good, primary profit contribution division - construction still growth

First Support Price

2.65

Second Support Price

2.5

Risk Rating

MODERATE

Research House

Alliance Target Price

4.53 (2012-04-18)

HLG Target Price

4.27 (2012-04-19)

Jupiter Target Price

2.98 (2012-05-11)

CIMB Target Price

3.45 (2012-05-21)

OSK Target Price

2.66 (2012-05-22)

Accounting Ratio

Return on Equity

32.31%

Dividend Yield

3.36%

Gross Profit Margin

0.00%

Operating Profit Margin

21.59%

Net Profit Margin

21.34%

Tax Rate

4.99%

Asset Turnover

1.0227

Net Asset Value Per Share

1.84

Net Tangible Asset per share

1.84

Price/Net Tangible Asset Per Share

1.46

Cash Per Share

0.45

Liquidity Current Ratio

2.3642

Liquidity Quick Ratio

2.2188

Liquidity Cash Ratio

0.5614

Gearing Debt to Equity Ratio

0.4384

Gearing Debt to Asset Ratio

0.2895

Working capital per thousand Ringgit sale

38.6%

Days to sell the inventory

19

Days to collect the receivables

171

Days to pay the payables

127

Technical Analysis

SMA 20

2.647 (Uptrend 1 day)

SMA 50

2.753 (Downtrend)

SMA 100

2.73 (Uptrend)

SMA 200

2.537 (Downtrend)

MACD (26d/12d)

-0.04216 ( 0.010542 )

Signal (9)

-0.046904 ( 0.001186 )

MACD Histogram

0.004744 (Bullish trend 1 day)

Bolinger Upper Band

2.809

Bolinger Lower Band

2.485

My notes based on 2012 quarter 1 report (number in '000):-
- Higher revenue and pbt mainly due to the delivery of major equipment components of the Equipment Procurement contract for the 4 x 360MW coal-fired power plant at Chhattisgarh, India and higher construction activities

- Manufacturing segment got lower revenue and pbt than FY11Q1 due to the disposal of the quarrying business at the end of last year

- Higher pbt than FY11Q4 partly due to the higher ESOS expenses charged out in the preceding quarter

- Lower pbt in Manufacturing segment than FY11Q4 mainly due to the gain on disposal of the quarrying business in the previous quarter

Monday, May 28, 2012

LATEXX PARTNERS BERHAD, an investment holding company, engages in the manufacture and sale of rubber gloves in Malaysia. Its products include ambidextrous pre-powdered latex examination gloves, powder-free latex examination gloves, powder-free nitrile examination gloves, controlled environment powder-free latex gloves, and high risk powder-free latex gloves. The company provides examination gloves for professionals who perform medical-examination, and diagnostic and therapeutic procedures, as well as in the fields of dentistry, high-tech manufacturing, and food-processing. It also involves in property investment activities. The company has a joint venture agreement Total Glove Co Sdn Bhd and Budev BV to engage in the business of treating natural rubber latex examination and surgical gloves. Latexx Partners Berhad is based in Kamunting, Malaysia.